As a first step to drum up investor interest in Facebook stock, Goldman Sachs shot missives to clients with the opaque subject line, “Private Investment,” according to an email reviewed by Deal Journal. We couldn’t help compare it to another solicitation for money, from an anonymous Nigerian who assures you of a giant payout if you help him get back to his home country.

Of course, unlike Nigerian email scams, the solicitation came from a Goldman money manager rather than a random stranger. … But we couldn’t help note some similar language used by Goldman and purported Nigerian princes. Read and compare!

Exactly! Go to the WSJ blog post and compare the spam with the Goldman letter. The WSJ is not exaggerating when it says they are similar.

I think this latest play by Goldman is a good idea for them and a bad idea for everyone else. I also think they are testing the waters with the SEC. If the SEC gives them a pass on this, they will likely set up many private/unregulated IPOs like this, the next bubble will occur, and eventually we will have any financial meltdown similar like we just had.